It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level.
A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.

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Yes, you can access National Bureau of Economic Research Conference Report by Alberto Alesina, Francesco Giavazzi, Alberto Alesina,Francesco Giavazzi in PDF and/or ePUB format, as well as other popular books in Negocios y empresa & Negocios en general. We have over one million books available in our catalogue for you to explore.

Information

Publisher

University of Chicago Press

Year

2010

ISBN

9780226012858

Topic

Negocios y empresa

Subtopic

Negocios en general

Contents
Acknowledgments
Introduction
1. The Breakup of the Euro Area
2. The Euro and Structural Reforms
3. The Euro and Firm Restructuring
4. Business Cycles in the Euro Area
5. The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries?
6. A New Metric for Banking Integration in Europe
7. Why the European Securities Market Is Not Fully Integrated
8. The Euro and Fiscal Policy
9. How Central Bankers See It: The First Decade of European Central Bank Policy and Beyond
10. Reevaluating Swedish Membership in the European Monetary Union: Evidence from an Estimated Model
11. Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model
Contributors
Author Index
Subject Index